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August auto sales -- Chips are down, the spark goes missing

Auto majors are facing a severe shortage of semiconductor chips impacting production. In fact, most of them have indicated a significant impact on production if supply constraints do not ease

September 04, 2021 / 10:46 AM IST
August auto sales -- Chips are down, the spark goes missing

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

The monthly wholesale volumes of auto majors got impacted in August by the shortage of semiconductor chips. The passenger car segment was the worst hit. In this segment, Maruti and M&M registered a month-on-month (MoM) decline of almost 25 per cent each. Tata Motors registered an MoM decline of 7.2 per cent. In the commercial vehicle (CV) segment, Ashok Leyland posted an MoM growth of 3 per cent. Tata Motors posted a growth of 20 percent — the highest among...

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